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T2S delays hit Clearstream

The huge task of migrating Europe's two largest securities depositories onto a single settlement platform will run into 2017

The ECB is running the project
The ECB is running the project

The huge task of migrating Europe's two largest securities depositories onto a single settlement platform will run into 2017 – a fresh delay to the region’s flagship post-trade initiative.

Europe's largest settlement house Euroclear revealed in October that its planned March 2016 migration to Target2-Securities would be pushed back to ensure a safe and stable switch.

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